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C4 Scalping

  • #2,021
  • Edited 10:36am Jul 22, 2009 10:31am | Edited 10:36am
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Quoting nsteve
Thanks for all the mentoring, Edge!

Looking at the charts in your post I see you sometimes place a trade when primer, detonator and 15M MTF are aligned, then shortly after place another trade (all three are still pointing in the same direction). This appears on all four charts.

What criteria do you use for the second trade?

Also, what is the thinking behind getting out of the market after reaching your daily target? If you make 2% on day 1 and 2% on day 2, why not 4% on day 1?


I'll post charts when I figure out...
Look a bit closer at the initial trade charts in posting #1995.

You will see 3 trades are taken when the top trix triggers. Other 1 taken about same time and each already have both 5 and 15m in sync.

2nd set of trades taken when ALL pairs have both 5 and 15m in sync, thereby showing intermediate market weakness for all pairs. Have toched several times on the correlation between these boys.

A 15m trigger is just as good as a 5m trigger to me. Pretty easy to re-enter a trade direction a get another set of +5 trrades. I call it 'bang for the buck'. Very low risk trades and can easily help me reach daily goals very quickly. Watch the 5m trix histogram bars also as the trix will project momentum with increased bar size and darker coloring of said bar.

As for trying to get more $$$$$, please refer to posting #1951.

Regards.
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  • #2,022
  • Edited 10:33am Jul 22, 2009 10:33am | Edited 10:33am
Quoting Edgetrader
Can always go with the 'live' trix for backtesting or TOTAL elimination of repainting issues.

Those histograms are all neat and pretty, but live sure has a place in trading too.

5m set trix to 2.0,false,1500. Top color red, all others none.
15m set trix to 3,0,false, 1500. Same color scheme.

Regards.
Sorry Edge,
That still doesn't work for manual backtesting because you need the 15min to line up with the 5min bars. That is having the 5min bars 3 times the width of the 15min bars and i don't think that is possible in MT4.

Alternatively you have to use an MTF Trix line indicator and then you are back to the so-called repainting issue.

Thanks for trying,
Ian
  • #2,023
  • Jul 22, 2009 10:42am Jul 22, 2009 10:42am
Thank you kindly all for the feedback and input.

I just literally joined this forum today, I do not use Metatrader ... I just use an online broker which has basic charting.

I have no clue what Trix are or these scalper candles. So if you could kindly help me in how to set them up.

I have a normal charting system, so which indicators would I need to use to duplicate the Primers and Triggers? (unless these are things built by Edge directly and therefore will not be able to set them up).

I only got to understand what EA is just now, are these indicators built by Edge and therefore I would need to download the attachments for me to use them?

Thank you kindly again for your attention.

Mo
  • #2,024
  • Jul 22, 2009 10:43am Jul 22, 2009 10:43am
Do I change "Trix Averages" to 0=EMA, 1=EMA, 2=EMA and leave 3=LWMA unchanged? Same for both TRIX detonators? (per Ian and Edge, I think.)
  • #2,025
  • Jul 22, 2009 10:45am Jul 22, 2009 10:45am
Quoting ianf0ster
Sorry Edge,
That still doesn't work for manual backtesting because you need the 15min to line up with the 5min bars. That is having the 5min bars 3 times the width of the 15min bars and i don't think that is possible in MT4.

Alternatively you have to use an MTF Trix line indicator and then you are back to the so-called repainting issue.

Thanks for trying,
Ian
OK, Thx.

Yet another reason I dislike MT4. Is but a toy to get used to trading.
  • #2,026
  • Jul 22, 2009 10:47am Jul 22, 2009 10:47am
Quoting mary4x
Do I change "Trix Averages" to 0=EMA, 1=EMA, 2=EMA and leave 3=LWMA unchanged? Same for both TRIX detonators? (per Ian and Edge, I think.)
Settings are 3,1,1,1 Mary.

Regards.
  • #2,027
  • Jul 22, 2009 10:50am Jul 22, 2009 10:50am
Quoting DesertFX
Thank you kindly all for the feedback and input.

I just literally joined this forum today, I do not use Metatrader ... I just use an online broker which has basic charting.

I have no clue what Trix are or these scalper candles. So if you could kindly help me in how to set them up.

I have a normal charting system, so which indicators would I need to use to duplicate the Primers and Triggers? (unless these are things built by Edge directly and therefore will not be able to set them up).

I only got to understand what EA is just now, are these...
Open a demo account with Alpari or Interbank and get the MT4 platform installed. It will be much easier on all.

Regards.
  • #2,028
  • Jul 22, 2009 10:50am Jul 22, 2009 10:50am
Hi Edge,

Is there a way we can speak perhaps on msn to help me set up the C4 scalping strategy?

Thanks
Mo
  • #2,029
  • Jul 22, 2009 10:52am Jul 22, 2009 10:52am
Quoting mary4x
Do I change "Trix Averages" to 0=EMA, 1=EMA, 2=EMA and leave 3=LWMA unchanged? Same for both TRIX detonators? (per Ian and Edge, I think.)
Yes Mary,
Set the Trix moving Averages to EMA for all 3 for both the 5min and the 15min. It doesn't matter which type the Signal MA is because it is not used.
Note in MT4 the code for an EMA is 1 ( for SMA = 0 , etc.)


Ian
  • #2,030
  • Jul 22, 2009 11:08am Jul 22, 2009 11:08am
Thanks, guys.
  • #2,031
  • Jul 22, 2009 11:14am Jul 22, 2009 11:14am
PA VERY TIRED HERE!

Sitting around session highs across the board. Dangerous area.

Regards.
  • #2,032
  • Jul 22, 2009 11:22am Jul 22, 2009 11:22am
Hi everyone,

Edge: thanks for your great thread.

These are my trades of yesterday (20 winners, 2 losers) and today (17 winners, 3 losers).

Regards.

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  • #2,033
  • Jul 22, 2009 11:26am Jul 22, 2009 11:26am
Hi guys,

I cannot understand how to set the trix. 3 111 mary

Can someone post a picture of the edit page so I can see where to put
these numbers. Sorry, but I know nothing much about it. Thank you
for helping...
  • #2,034
  • Jul 22, 2009 11:27am Jul 22, 2009 11:27am
Yeah, everytime I take EURUSD short I lose period.
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #2,035
  • Jul 22, 2009 11:36am Jul 22, 2009 11:36am
Break of Pivot Point with trix crossing zero !

Good for an easy 20 pips I´m starting to enjoy this



The long before was a loss of 12 pips, but i end the day with +37 and 1.6 % account increase.
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  • #2,036
  • Jul 22, 2009 11:44am Jul 22, 2009 11:44am
Quoting DesertFX
Hi Edge,

Is there a way we can speak perhaps on msn to help me set up the C4 scalping strategy?

Thanks
Mo
As per our PM, here is a chart shot with MACD and WMA indi's shown.

Primer = PA crossing MA and needs a closed candle.

Detonator is MACD crossing 'zero' level.

Should suffice for now due to your situation.

Regards.
Attached Image (click to enlarge)
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  • #2,037
  • Jul 22, 2009 11:46am Jul 22, 2009 11:46am
Quoting Trader222
Hi everyone,

Edge: thanks for your great thread.

These are my trades of yesterday (20 winners, 2 losers) and today (17 winners, 3 losers).
Don't understand how you take the trades, not based on Indies for sure
you last AUDUSD 15M TRIX in deep Red and you take Buy on 5MIN
Trix only? I'm glad it's works, but if you going to wait till 15m
TRIX also in the same direction as 5MIN
you wouldn't have so many trades.
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #2,038
  • Jul 22, 2009 11:52am Jul 22, 2009 11:52am
Quoting Trader222
Hi everyone,

Edge: thanks for your great thread.

These are my trades of yesterday (20 winners, 2 losers) and today (17 winners, 3 losers).

Regards.

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Very clean setup you have. Good trade isolation.

Nice work indeed.

Regards.
  • #2,039
  • Jul 22, 2009 11:53am Jul 22, 2009 11:53am
Thanks alot Edge. Will keep you posted on how it goes hopefully.

I appreciate the feedback.

(My MACD has a slightly issue it defaults to the original setting despite me changing it, will need to speak to the company to figure it out hopefully).
  • #2,040
  • Jul 22, 2009 11:54am Jul 22, 2009 11:54am
Quoting trademeister
Hi guys,

I cannot understand how to set the trix. 3 111 mary

Can someone post a picture of the edit page so I can see where to put
these numbers. Sorry, but I know nothing much about it. Thank you
for helping...
Okay TM,
You have been around for a long time, so if you are using Metatrader then you should know how to change the input parameters of an indicator.
When you drag a custom indicator onto your chart from the Navigator window it opens up a dialog box which has a tab called inputs.
For any of the smTrix..... indicators this has values for :
Trix_Period should have Value of 3
Mode_Average_1 should have Value of 1
Mode_Average_2 shold have Values of 1
Mode_Average_2 shold have Values of 1

If any of these is not correct just double click on it, then you can input the correct value.


Ian
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